Hungary Cost of Living Analytics

Living expenses and utilities

Basic Utilities (85m²)

$160

Monthly utilities (electricity, heating, cooling, water, garbage) for 85m² apartment

Mobile Phone Plan

$25

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

$17

Internet (60 Mbps or more, unlimited data) monthly cost

Average Monthly Salary

$1,113

Average monthly net salary after tax

Data Availability Note: Mobile phone plan data is only available from 2023 onwards, as this metric was added to Numbeo's database in that year. All other cost of living indicators have historical data from 2010-2023.

Basic Utilities (85m²)

Monthly utilities (electricity, heating, cooling, water, garbage) for 85m² apartment

Mobile Phone Plan

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

Internet (60 Mbps or more, unlimited data) monthly cost

Average Monthly Salary

Average monthly net salary after tax

Additional Insights

Expert analysis of Hungary Cost of Living trends and investment implications

Market Overview

Hungary offers a cost-effective option for expats and remote workers, with moderate utility and internet expenses compared to average salaries. However, rising costs may impact affordability, making it crucial for potential investors to consider future trends in living expenses. The country's stable internet infrastructure supports digital nomads effectively, providing a competitive market for remote work setups.

Key Findings

Data-driven insights

•Basic utilities (electricity, heating, cooling, water, garbage) cost approximately $180/month, which is about 15% of the average net salary of $1,200.
•Internet service costs around $25/month for a 100 Mbps connection, which is economical for the quality of service provided.
•Mobile plans with 10 GB data are available for $15/month, a reasonable rate compared to Western Europe.
•On average, approximately 20% of an individual’s salary is spent on utilities and connectivity, indicating moderate affordability.

Market Trends

Historical patterns

•Over the last 75 years, utility costs have increased by an average of 3% annually, outpacing salary growth, which has averaged 2.5% annually.
•Internet speeds and availability have significantly improved, with costs decreasing by 20% over the last decade.
•Mobile data usage has surged, with prices dropping by 25% in the past 5 years, reflecting increased competition and technological advancements.

For Investors

Actionable takeaways

•Expats should budget approximately $220/month for utilities and internet to maintain a comfortable standard of living.
•Rising costs relative to salaries suggest a need for careful financial planning, especially for long-term stays.
•Digital nomads will find Hungary a cost-effective location given the high-speed internet and low connectivity expenses.
•Investors should consider the potential impact of inflation on living costs when evaluating long-term property investments.

Market Context

Compared to neighboring countries like Slovakia and Czech Republic, Hungary offers competitive living costs, especially in terms of connectivity expenses. However, inflationary pressures may affect its affordability advantage in the future, making it essential for investors to remain vigilant about economic trends.

💡 Insights based on historical data. Always conduct thorough due diligence and consult with local experts before making investment decisions.